# PPP loan: RAY C'S CYCLE AND SPORTS, INC.
> **$409K** approved 04/08/2020 · Paid in Full · Loan `7844947007`
## Borrower
- **Name:** RAY C'S CYCLE AND SPORTS, INC.
- **Address:** 1491 S LAPEER RD, LAPEER, MI, 48446-9441
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Forgiven:** $411K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $409K
- **Jobs reported:** 45
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*